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Author Topic: The future of the paper money  (Read 403596 times)
Babayega31
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January 07, 2017, 10:21:46 AM
 #2501

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.
for the future seems paper money will not have a bright future look more popular digital money.
but I think the paper money will survive until whenever

Paper money's future will be still the same and of strong foundation, it will not be possible in the future paper money will vanish, because not all people have an internet access there were people who are living in areas not covered with modern technology specially communication. There will be bright future of bitcoin as well as paper money partnership specially with online transactions from btc to fiat currency. They were very particular of the paper money and its very convenience for bitcoin as part of exchanging currency online so people could be well oriented with digital cypto currency.


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January 07, 2017, 10:26:20 AM
 #2502

Governments also prefer digital money over paper, because it's very easy to track transactions. Cash is the main form of money for black market right now, and it's also used for tax evasions and other illegal activities. So, I think people will be reaching towards crypto currencies as governments push people away frosh cash.

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January 07, 2017, 10:56:50 AM
 #2503

Governments also prefer digital money over paper, because it's very easy to track transactions. Cash is the main form of money for black market right now, and it's also used for tax evasions and other illegal activities. So, I think people will be reaching towards crypto currencies as governments push people away frosh cash.
although the government would prefer the digital money in the future. but they will not leave the fiat. maybe they will make another version of the fiat that is digital form
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January 07, 2017, 08:41:26 PM
 #2504

Paper money would still exist. Digital currencies cannot replace paper currency entirely. But in long term period, use of paper currencies would get reduced due to increased usage of digital currencies.
and suppose if everyone started to make deals in digital form and they started to do shopping from online stores then everyone will like to have a digital form of currency with convenient features and so at that time people will like to use bitcoin for their dealings and for their businesses etc and the paper money will be used much less.

Paper money maybe used much less in a developed country, but there is always this country that is lagging behind.  Aside from that even developed country   have always areas that cannot sync with the current development of that nation.  Considering this fact, I don't think that paper money will become obsolete.  They will change in image but most likely they will stay as paper money to use at offline transactions.
but i think in near future paper money will be the primary option for them and they will using bitcoin as secondary option because paper money can be use for all government related affairs and is accepted by the governments.

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January 07, 2017, 09:49:00 PM
 #2505

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.
for the future seems paper money will not have a bright future look more popular digital money.
but I think the paper money will survive until whenever

Paper money's future will be still the same and of strong foundation, it will not be possible in the future paper money will vanish, because not all people have an internet access there were people who are living in areas not covered with modern technology specially communication. There will be bright future of bitcoin as well as paper money partnership specially with online transactions from btc to fiat currency. They were very particular of the paper money and its very convenience for bitcoin as part of exchanging currency online so people could be well oriented with digital cypto currency.

Yeah, we still need paper money for the simple fact that not everyone has access to expensive technology and even If in the future the technology became extremely cheap, using fiat does not require much knowledge except some basic math.



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mornabo
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January 07, 2017, 09:57:36 PM
 #2506

Governments also prefer digital money over paper, because it's very easy to track transactions. Cash is the main form of money for black market right now, and it's also used for tax evasions and other illegal activities. So, I think people will be reaching towards crypto currencies as governments push people away frosh cash.
using digital money, the government can control the velocity of money and where the money someone will go. yeah I think the government will just love it but is it that could make paper money disappear?

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January 08, 2017, 07:28:44 AM
 #2507

Governments also prefer digital money over paper, because it's very easy to track transactions. Cash is the main form of money for black market right now, and it's also used for tax evasions and other illegal activities. So, I think people will be reaching towards crypto currencies as governments push people away frosh cash.
using digital money, the government can control the velocity of money and where the money someone will go. yeah I think the government will just love it but is it that could make paper money disappear?
Future of the paper money is depend on all people in the world. Paper money will dissapear if no one want to use it although government is force it. People can choose the better system for their economy. Anyway, some people in some countries were saturated of using paper money because the value is always decrease.


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January 08, 2017, 07:34:37 AM
 #2508

-Future of paper money, i think it is forever, not something that can replace it
-For years paper money has always been widely used and popular, can say say is immortal. I am sure you know that paper money is never lost

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January 08, 2017, 10:21:16 AM
 #2509

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.

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January 08, 2017, 11:01:25 AM
 #2510

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.
That's right. Paper money will stay the main mode of payment for many more years. Sometimes we forget that we, people who live in cities and who have a computer are not the biggest percent of people on the Earth. Those the biggest percent is going to use paper money for a long long time. And by the approximately calculation only 1 milliard of people in the final count will use bitcoin. But by my opinion bitcoin is money of future.

   
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jossiel
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January 08, 2017, 11:56:44 AM
 #2511

-Future of paper money, i think it is forever, not something that can replace it
-For years paper money has always been widely used and popular, can say say is immortal. I am sure you know that paper money is never lost

I believe somehow that paper money cannot be replace by some other currencies easily. But I also believe that nothing is permanent in this world.

So if that isn't going to make the paper money replaced, then bitcoin is not going to be permanent either or vice versa.

But because of technology, there is no reason that currency can be upgraded also and it is possible that government can consider bitcoin or any digital money.



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January 08, 2017, 12:16:26 PM
 #2512

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.

Probably not always, but I'm sure that paper money will remain with us for a long time from now, and not only paper but the metal coins too. Don't know about you guys, but I think life would be less fun without paper money and coins.

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January 08, 2017, 12:47:52 PM
 #2513

Cash has one, undisputed advantage comapring to any electronic payment method - it's completely anonymous and it's almost impossible to trace back transaction history. Of course, there are some entry/end points like bank account transfers, but still we can simply avoid banking system and use cash.It's even more suprising when some officials or journalists raise the problem of the using bitcoins in criminal purposes, when cash money can be used there as well. The main barrier for cash money usage is the distance - all transactions have to be made face-to-face, but in my opinion it would still have it's niche and it's here to stay, along with cryptos.
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January 08, 2017, 01:56:23 PM
 #2514

Governments also prefer digital money over paper, because it's very easy to track transactions. Cash is the main form of money for black market right now, and it's also used for tax evasions and other illegal activities. So, I think people will be reaching towards crypto currencies as governments push people away frosh cash.
although the government would prefer the digital money in the future. but they will not leave the fiat. maybe they will make another version of the fiat that is digital form

They already have. All digital transactions are based in digital fiat. Any bill you pay online, any transfer between bank accounts, any time you use a credit or debit card, all these transactions are digital fiat. The government doesn't have to do anything "new" to create it, it already exists and t is already the bulk of transactions in western economies. Bitcoin is not going to replace that.


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January 08, 2017, 11:27:09 PM
 #2515

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.
That's right. Paper money will stay the main mode of payment for many more years. Sometimes we forget that we, people who live in cities and who have a computer are not the biggest percent of people on the Earth. Those the biggest percent is going to use paper money for a long long time. And by the approximately calculation only 1 milliard of people in the final count will use bitcoin. But by my opinion bitcoin is money of future.
to me i think still paper money is important part of our life. i think most of the people are still depending on fiat currency, because i do not use or fiat in most of occasions,


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January 09, 2017, 07:50:57 AM
 #2516

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.
That's right. Paper money will stay the main mode of payment for many more years. Sometimes we forget that we, people who live in cities and who have a computer are not the biggest percent of people on the Earth. Those the biggest percent is going to use paper money for a long long time. And by the approximately calculation only 1 milliard of people in the final count will use bitcoin. But by my opinion bitcoin is money of future.
to me i think still paper money is important part of our life. i think most of the people are still depending on fiat currency, because i do not use or fiat in most of occasions,
No doubt, it's the most popular form of fiat money, with paper money, people does not need to use internet to transact like the digital money. It's very simple to use that's why it's popular as all of use can use it regardless of our educational attainment. It's like we are trading when we transact but personally.



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danherbias07
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January 09, 2017, 08:28:34 AM
 #2517

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.
That's right. Paper money will stay the main mode of payment for many more years. Sometimes we forget that we, people who live in cities and who have a computer are not the biggest percent of people on the Earth. Those the biggest percent is going to use paper money for a long long time. And by the approximately calculation only 1 milliard of people in the final count will use bitcoin. But by my opinion bitcoin is money of future.
to me i think still paper money is important part of our life. i think most of the people are still depending on fiat currency, because i do not use or fiat in most of occasions,
No doubt, it's the most popular form of fiat money, with paper money, people does not need to use internet to transact like the digital money. It's very simple to use that's why it's popular as all of use can use it regardless of our educational attainment. It's like we are trading when we transact but personally.

True. Not everyone can afford an internet and they might also think why pay for internet if I could just use that money for another usage. Food or payment for rentals or maybe bills instead of wasting it for an internet. We cant erase that. Many people still thinks like rhat.

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January 09, 2017, 08:43:42 AM
 #2518

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.
That's right. Paper money will stay the main mode of payment for many more years. Sometimes we forget that we, people who live in cities and who have a computer are not the biggest percent of people on the Earth. Those the biggest percent is going to use paper money for a long long time. And by the approximately calculation only 1 milliard of people in the final count will use bitcoin. But by my opinion bitcoin is money of future.
to me i think still paper money is important part of our life. i think most of the people are still depending on fiat currency, because i do not use or fiat in most of occasions,
No doubt, it's the most popular form of fiat money, with paper money, people does not need to use internet to transact like the digital money. It's very simple to use that's why it's popular as all of use can use it regardless of our educational attainment. It's like we are trading when we transact but personally.

True. Not everyone can afford an internet and they might also think why pay for internet if I could just use that money for another usage. Food or payment for rentals or maybe bills instead of wasting it for an internet. We cant erase that. Many people still thinks like rhat.

Yes it's good, why do we make simple things complicated? Whenever paper money still we need, up to this time all countries are still looking for ways to make the best technology from paper money. And of course they've got long-term consideration so that it will continue to use paper money.

Digital money including cryptocurrency technology can never replace paper money, because the State still need paper money and as one of the political policy.
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January 09, 2017, 09:10:36 AM
 #2519

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.
That's right. Paper money will stay the main mode of payment for many more years. Sometimes we forget that we, people who live in cities and who have a computer are not the biggest percent of people on the Earth. Those the biggest percent is going to use paper money for a long long time. And by the approximately calculation only 1 milliard of people in the final count will use bitcoin. But by my opinion bitcoin is money of future.
to me i think still paper money is important part of our life. i think most of the people are still depending on fiat currency, because i do not use or fiat in most of occasions,
No doubt, it's the most popular form of fiat money, with paper money, people does not need to use internet to transact like the digital money. It's very simple to use that's why it's popular as all of use can use it regardless of our educational attainment. It's like we are trading when we transact but personally.

True. Not everyone can afford an internet and they might also think why pay for internet if I could just use that money for another usage. Food or payment for rentals or maybe bills instead of wasting it for an internet. We cant erase that. Many people still thinks like rhat.
although in the future will all be completely online, including payment. I'm sure there must be something that requires a paper money for payment, whatever that
I believe that the digital currency will dominate, but it will not make the papers disappear

   
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audaciousbeing
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January 09, 2017, 09:48:12 AM
 #2520

although in the future will all be completely online, including payment. I'm sure there must be something that requires a paper money for payment, whatever that
I believe that the digital currency will dominate, but it will not make the papers disappear

Paper money will never disappear not in this century, in before the increase in the dominance of internet which makes the use of electronic money as such, it has not even reduce the amount of paper notes being printed by the Central Bank. Paper money has being with us for ages and centuries and for any kind of currency to replace it means it has to be around if not that long then close to that or else, the worse that will happen is that they both co-exist.

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